What users are saying about

Accounting by Wave

Top Rated
97 Ratings

Sage 100

55 Ratings

Accounting by Wave

Top Rated
97 Ratings
Score 9 out of 101

Sage 100

55 Ratings
Score 7 out of 101

Add comparison

Likelihood to Recommend

Accounting by Wave

Wave is great at small business accounting where fairly simple quotes and invoices can be set up and payments can be received online or as mailed checks. Other or more complicated situations are not well suited to the platform. Any business that takes in Bitcoin or other alternative currencies will struggle to link the account types together
No photo available

Sage 100

For small and medium business in the distribution and light manufacturing space, Sage 100 is probably the best bang for your buck. As a very scaleable system, you can modify the system to meet the needs of a growing business without making gross changes to the core of the system
No photo available

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Sage 100
6.5
Pay calculation
Accounting by Wave
8.4
Sage 100
8.0
Benefit plan administration
Accounting by Wave
7.5
Sage 100
6.0
Direct deposit files
Accounting by Wave
8.0
Sage 100
6.0
Salary revision and increment management
Accounting by Wave
7.7
Sage 100
6.3
Reimbursement management
Accounting by Wave
8.0
Sage 100
6.1

Customization

Accounting by Wave
9.1
Sage 100
7.4
API for custom integration
Accounting by Wave
8.9
Sage 100
7.0
Plug-ins
Accounting by Wave
9.2
Sage 100
7.8

Security

Accounting by Wave
8.6
Sage 100
9.3
Single sign-on capability
Accounting by Wave
9.0
Sage 100
9.6
Role-based user permissions
Accounting by Wave
8.2
Sage 100
9.0

Reporting & Analytics

Accounting by Wave
8.5
Sage 100
7.0
Dashboards
Accounting by Wave
8.4
Sage 100
8.6
Standard reports
Accounting by Wave
8.3
Sage 100
7.1
Custom reports
Accounting by Wave
8.6
Sage 100
5.5

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Sage 100
6.8
Accounts payable
Accounting by Wave
8.4
Sage 100
6.6
Accounts receivable
Accounting by Wave
9.1
Sage 100
6.6
Cash management
Accounting by Wave
8.1
Sage 100
Bank reconciliation
Accounting by Wave
7.8
Sage 100
Expense management
Accounting by Wave
8.5
Sage 100
Time tracking
Accounting by Wave
7.3
Sage 100
Fixed asset management
Accounting by Wave
5.2
Sage 100
Multi-currency support
Accounting by Wave
8.6
Sage 100
Multi-division support
Accounting by Wave
7.4
Sage 100
Regulations compliance
Accounting by Wave
7.3
Sage 100
Electronic tax filing
Accounting by Wave
6.0
Sage 100
Self-service portal
Accounting by Wave
9.1
Sage 100
Global Financial Support
Accounting by Wave
9.0
Sage 100
5.0
Primary and Secondary Ledgers
Accounting by Wave
9.3
Sage 100
7.1
Intercompany Accounting
Accounting by Wave
8.7
Sage 100
5.7
Localizations
Accounting by Wave
9.5
Sage 100
7.4
Journals and Reconciliations
Accounting by Wave
8.4
Sage 100
5.8
Enterprise Accounting
Accounting by Wave
8.7
Sage 100
7.2
Configurable Accounting
Accounting by Wave
8.7
Sage 100
5.0
Centralized Rules Framework
Accounting by Wave
9.0
Sage 100
Standardized Processes
Accounting by Wave
7.9
Sage 100
8.9

Inventory Management

Accounting by Wave
8.9
Sage 100
8.8
Inventory tracking
Accounting by Wave
9.5
Sage 100
9.0
Automatic reordering
Accounting by Wave
8.0
Sage 100
8.6
Location management
Accounting by Wave
9.0
Sage 100
9.0
Manufacturing module
Accounting by Wave
9.0
Sage 100
8.7

Order Management

Accounting by Wave
7.8
Sage 100
8.9
Pricing
Accounting by Wave
8.1
Sage 100
8.9
Order entry
Accounting by Wave
8.0
Sage 100
8.9
Credit card processing
Accounting by Wave
9.1
Sage 100
8.9
Cost of goods sold
Accounting by Wave
8.8
Sage 100
8.9
Order Orchestration
Accounting by Wave
8.0
Sage 100
9.0
End-to-end order visibility
Accounting by Wave
4.7
Sage 100
9.0
Order exception Resolution
Accounting by Wave
8.0
Sage 100
9.0

Accounting Firm BPO Features

Accounting by Wave
8.0
Sage 100
Branded client dashboards
Accounting by Wave
8.0
Sage 100
Client data roll-up capabilities
Accounting by Wave
8.0
Sage 100
Client data consolidation for benchmarking
Accounting by Wave
7.5
Sage 100
Configurable alerts
Accounting by Wave
8.0
Sage 100
Billing bypass
Accounting by Wave
8.0
Sage 100
Client template cloning
Accounting by Wave
8.0
Sage 100
Single sign-on
Accounting by Wave
9.0
Sage 100
Configurable client onboarding questions
Accounting by Wave
8.0
Sage 100
Cross-client workflow management
Accounting by Wave
8.0
Sage 100
Industry-specific versioning
Accounting by Wave
8.0
Sage 100
Legacy system data migration
Accounting by Wave
8.0
Sage 100

Subledger and Financial Process

Accounting by Wave
Sage 100
6.7
Automated Invoice Processing
Accounting by Wave
Sage 100
6.3
Shared Services Payments
Accounting by Wave
Sage 100
10.0
Billings Management
Accounting by Wave
Sage 100
7.7
Customer Receipt Applications
Accounting by Wave
Sage 100
8.0
Customer Collections
Accounting by Wave
Sage 100
6.6
Revenue Recognition
Accounting by Wave
Sage 100
7.1
Cash Management
Accounting by Wave
Sage 100
6.0
Asset Management
Accounting by Wave
Sage 100
4.9
Travel & Expense Management
Accounting by Wave
Sage 100
3.3
Budgetary Control & Encumbrance Accounting
Accounting by Wave
Sage 100
5.2
Period Close
Accounting by Wave
Sage 100
7.0
Subledger Reconciliations
Accounting by Wave
Sage 100
8.0

Project Financial Management

Accounting by Wave
Sage 100
6.3
Budgeting and Forecasting
Accounting by Wave
Sage 100
5.2
Project Costing
Accounting by Wave
Sage 100
8.0
Cost Capture
Accounting by Wave
Sage 100
8.0
Capital Project Management
Accounting by Wave
Sage 100
8.0
Customer Invoicing
Accounting by Wave
Sage 100
4.3
Customer Contract Compliance
Accounting by Wave
Sage 100
6.0
Project Revenue Recognition
Accounting by Wave
Sage 100
6.0
Project Financial Performance Analysis
Accounting by Wave
Sage 100
6.0
Project Financials Dashboard
Accounting by Wave
Sage 100
6.0
Real-time Financial Reporting
Accounting by Wave
Sage 100
6.0
Embedded Business Intelligence
Accounting by Wave
Sage 100
6.0
Project Planning Collaboration
Accounting by Wave
Sage 100
6.0

Logistics

Accounting by Wave
Sage 100
9.7
Fulfillment Management
Accounting by Wave
Sage 100
9.0
Inventory Visibility
Accounting by Wave
Sage 100
10.0
Warehouse Workforce Management
Accounting by Wave
Sage 100
10.0

Manufacturing

Accounting by Wave
Sage 100
9.0
Supply Chain Business Flows
Accounting by Wave
Sage 100
10.0
Production Management
Accounting by Wave
Sage 100
8.0

Supply Chain

Accounting by Wave
Sage 100
9.0
Forecasting
Accounting by Wave
Sage 100
9.0
Inventory Planning
Accounting by Wave
Sage 100
9.0
Multi-tier Supply Chain Planning
Accounting by Wave
Sage 100
9.0
Performance Monitoring
Accounting by Wave
Sage 100
9.0

Pros

  • The ease of use with Wave makes it a great tool. Someone without much accounting experience can jump in and use the software.
  • The reports features in Wave make looking at financial statements a breeze. In addition you can quickly drill down into expense categories to see all transactions of a certain type.
  • It is very easy to generate a sales invoice and see the average period for our company to get paid.
  • I love the Wave Invoice app where we can track invoices on the go and verify payment history.
Lukas Sundahl, MBA profile photo
  • Accounting audit trail
  • User security
  • Inventory management
No photo available

Cons

  • One area of improvement for Wave would be combining the various mobile applications into one app.
  • Another room for improvement would be on the dashboard level. It would be great if they could use more bar graphs and get away from pie charts for things like expenses.
  • Some of the other areas from improvement have been addressed by recent updates so I am excited to see what else Wave brings out.
Lukas Sundahl, MBA profile photo
  • A key missing function is to be able to track serial numbers and lots independent of item valuation method. The system will not track serial numbers for standard cost valuation items.
  • This is a killer for manufacturing operations, which often use standard cost accounting.
  • The non-work order production process, Bill of Material Production Entry, has no way to schedule a planned production order.
  • If you could create a production order like a sales order, then light manufacturing operations would not need to implement the work order module (one of the most complex modules) in order to show planned production supply in MRP.
  • Inventory Warehouse Transfers are currently instantaneous. There is no way to schedule a planned transfer with ship and arrive dates. No transfer in process documentation.
  • This makes it difficult for MRP if you need to transfer material from one warehouse to another and need to factor in transport time.
  • Reconciling Purchase Price Variance in the GL with sub system transactions is very difficult. Critical for Standard Cost Accounting PPV analysis.
  • If the sub system transactions showed the transaction line standard cost and PPV value, then it would be much simpler to reconcile with the GL transaction data.
  • While the work order module works, it is not very user friendly. Just getting a work order to the point that you can work on it is a multi step process requiring running posting reports.
  • The work order partial completion costing logic is inadequate, requiring 100% of the WIP dollars be issued to the work order before doing a partial completion.
Clark Walliser profile photo

Likelihood to Renew

Accounting by Wave7.8
Based on 3 answers
Easy to use for clients with no accounting background and the price is right.
Jeanne Harris profile photo
Sage 1007.6
Based on 5 answers
I would put this out to bid, if I were at the same organization. There have been a lot of improvements and changes in enterprise software and my preference would be to find a good web-based or cloud-based tool. Lower overall cost of ownership and improved efficiency would be my target criteria for a rebid of this.
No photo available

Usability

Accounting by Wave5.3
Based on 4 answers
I am a professional bookkeeper and I have no problems using Wave and all of it's features. I can see that certain individuals who have no accounting knowledge might struggle with a few different features and entries, but that is why Wave has an emphasis in connecting users to Wave Pro's who will walk them through things
Melissa Whaley profile photo
Sage 1008.2
Based on 4 answers
The screens are easy to understand and their is a help button on everyone of them
Joseph Mancuso profile photo

Reliability and Availability

Accounting by Wave6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen profile photo
No score
No answers yet
No answers on this topic

Performance

Accounting by Wave2.9
Based on 2 answers
Wave does tend to slow down when filtering your transactions screen especially by date. This is more of an issue when trying to trouble shoot certain transactions or clean-up a set of books.
Melissa Whaley profile photo
Sage 1009.1
Based on 1 answer
No answer on this topic is available.

Support

Accounting by Wave9.0
Based on 1 answer
If they had live chat service then I'd rate this a 10.
Matthew Gehrman profile photo
Sage 1007.7
Based on 2 answers
Sage Support is very good. I usually get a person on the phone in a short time frame and usually get my issues fixed in one called.
Joseph Mancuso profile photo

Online Training

Accounting by Wave4.7
Based on 3 answers
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Peter Cullen profile photo
No score
No answers yet
No answers on this topic

Implementation

No score
No answers yet
No answers on this topic
Sage 1006.0
Based on 1 answer
We had an advantage in implementing the tool in that our director of Ops had been part of the team implementing the ERP for other users so we knew what to expect and were able to avoid a lot of the challenges people sometimes face with implementations. However, the process still took far longer than desired.
No photo available

Alternatives Considered

Across the board Wave takes the cake on price at $0/mo aside from payroll fees and credit card processing. That aside I'd say most accounting systems are fairly similar, however what I like about Wave is just how simple the interface is and the outstanding customer support from both the community and the company.
Matthew Gehrman profile photo
I'm a VAR for multiple ERP packages and for the money Sage 100 can't be beat for distribution. For project accounting and advanced manufacturing I would go with another solution.
Paul Maldonato profile photo

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
It's easy and quick to setup. It's user friendly and doesn't use too much jargon so my clients understand it and use it properly. It allows me to switch between different clients quickly so I can respond to any queries by looking at the same data.
Paul Colman FCA profile photo
No score
No answers yet
Our organization is not a CPA firm. We provide outsourced accounting services and work with clients' selected accounting systems. We do not handle configuration of their software.
Lynn Albala profile photo

Scalability

Accounting by Wave3.0
Based on 2 answers
Once they out grow what is ability to move up to a more robust system?
Penny Breslin profile photo
No score
No answers yet
No answers on this topic

Return on Investment

  • Wave has been ROI positive for our company. With not having to pay for the service we can use our money for growing our business.
  • The fees on credit card transactions for invoices are reasonable especially as we don't pay a monthly subscription.
  • The invoicing feature has made our lives easier for us and our customers. The invoicing piece and AR tracking has been ROI positive as well.
Lukas Sundahl, MBA profile photo
  • We were able to convert an acquisition to Sage 100 in 4 months, from acquisition date, mostly because Sage 100 is so easy to use. We had a full EDI system converted in that same time frame. Import and review of data was easy to do.
  • Set up is very simple, not a lot of hidden switches that make other setups complicated.
  • Export of data into other reporting systems is very easy, which makes analysis a breeze.
Brett Witzel profile photo

Pricing Details

Accounting by Wave

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Accounting by Wave Editions & Modules
Accounting by Wave
Additional Pricing Details

Sage 100

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Sage 100 Editions & Modules
Sage 100
On-premise Edition
Sage 100 ERP Standard
1
Sage 100 ERP Advanced
1
Sage 100 ERP Premium
1
1. Per Seat per Month
SaaS Edition
Sage 100 ERP Online
1
1. Per User per Month
Additional Pricing Details